2 Beds 2 Bath

885 Lakeshore Road E 5, Mississauga, ON L5E 1E2

Mississauga L5E 1E2 Ontario

MLS: W12435870

$735,000

Added 1 day ago | For Sale

Listed by: CHESTNUT PARK REAL ESTATE LIMITED

About Property

A truly unique and hard-to-find ground-level mixed-use unit in the heart of Lakeview, offering an excellent opportunity for both investors and future owner-occupiers. Located in a boutique low-rise building along Lakeshore Road, this bright, open-concept property features modern loft-style finishes and is zoned C4-29 for a wide range of commercial and live/work uses.Currently tenanted by a reliable, established commercial tenant paying market rent, this property is cash-flow ready and ideal for investors seeking short-term lease upside. The lease runs until June 30, 2026, allowing flexibility to re-lease at higher market rates upon expiry. For an end-user, the short remaining term remaining makes it ideal for owner-occupiers planning to transition into their own space, offering quick possession potential and versatility rarely found in this location.The functional layout features 10.5-foot ceilings, 2 rooms plus 2-baths, a full kitchen, and ensuite laundry. Two separate entrances provide a natural division between business and personal space, while the dedicated storefront offers excellent street exposure. A private patio and two direct parking spaces add convenience and appeal.Perfectly positioned steps from Lakefront Promenade Park and Marina, minutes from Port Credits vibrant shops and restaurants, and within easy reach of Long Branch GO Station for a quick 25-minute commute to downtown Toronto, this property is ideal for lawyers, accountants, designers, consultants, or wellness professionals looking to own their workspace rather than rent. Combining strong current income with future flexibility, it's a rare opportunity in one of Mississaugas most desirable lakefront communities.

Features

  • House Style:Condo Apartment
  • Bathrooms:2
  • Land Size:
  • Water:
  • Garage Spaces: /None
  • Driveway:
  • Heating Fuel:Gas
  • Cross Street:Cawthraw and Lakeshore
  • Basement:None , None
  • Possession Date:Commercial Tenanted
  • Annual Property taxes: $5556
  • Bedrooms:2
  • Total Parking Spaces:2
  • Parking Places:2
  • Heating Type:Forced Air
  • Pool Type:
  • Exterior:
  • Direction Facing:
  • Front Footage:
  • Listing ID:W12435870

Level Type Features Dimensions
Ground Living Room Large Window, Pot Lights, Double Doors 11 ft, 8 in x 12 ft, 11 in
Bedroom Closet, Window, Ceramic Floor 11 ft, 7 in x 13 ft, 7 in
Bedroom 2 Window, Walk-Out, Ceramic Floor 1010 ft, 6 in x 12 ft, 9 in
Kitchen Stainless Steel Appl, Ceramic Floor 13 ft, 11 in x 6 ft, 6 in
Foyer Ceramic Floor 6 ft, 2 in x 16 ft, 10 in

No property rooms available.

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